PepsiCo (PEP) investor relations material

Opening remarks and agenda

• Meeting began with a cautionary statement regarding forward-looking statements and risks, referencing recent SEC filings.

• Chairman welcomed shareholders, introduced directors, thanked outgoing members, and announced a new director nominee.

• Outlined the agenda, including director elections, auditor ratification, executive compensation, and shareholder proposals.

Board and executive committee updates

• Welcomed David Gibbs as a new director nominee, highlighting his extensive experience.

• Announced Cesar Conde as the next presiding director, effective immediately, as part of ongoing board refreshment.

• Board committees are comprised solely of independent directors, with regular executive sessions without management.

Strategic initiatives and plans

• Focused on reigniting North America business, expanding international presence, and growing away-from-home business.

• Significant investments since 2018 in technology, AI, manufacturing, and distribution to drive agility and efficiency.

• Relaunched major brands with cleaner ingredients and introduced new products with functional benefits.

• Expanded partnerships and integrated global operations, leveraging AI for smarter systems and unified data.

• Launched a new corporate brand identity, the first in 25 years, reflecting a modern, global food and beverage company.